Ashok Leyland Shares Rise After Subsidiary Merger

Shares of Ashok Leyland Ltd rose 6% on Thursday after its key subsidiary,
Hinduja Leyland Finance Limited (HLF), approved a merger with NDL Ventures
Limited.

HLF’s board of directors approved the merger plan on November 25, 2025.
After the announcement, many investors bought the stock, helping it perform
better than the rest of the sector.